Please use this identifier to cite or link to this item: https://hdl.handle.net/11000/4938

Measuring input-specific productivity change based on the principle of least action


Thumbnail

View/Open:
 9-Aparicio_etal_JPA2017.pdf
1,52 MB
Adobe PDF
Share:
Title:
Measuring input-specific productivity change based on the principle of least action
Authors:
Aparicio Baeza, Juan
Kapelko, Magdalena
Mahlberg, Bernhard
Sainz-Pardo Auñón, José Luis
Department:
Departamentos de la UMH::Estadística, Matemáticas e Informática
Issue Date:
2016-12-22
Abstract:
In for-profit organizations, efficiency and productivity measurement with reference to the potential for input-specific reductions is particularly important and has been the focus of interest in the recent literature. Different approaches can be formulated to measure and decompose input-specific productivity change over time. In this paper, we highlight some problems within existing approaches and propose a new methodology based on the Principle of Least Action. In particular, this model is operationalized in the form of a non-radial Luenberger productivity indicator based on the determination of the least distance to the strongly efficient frontier of the considered production possibility sets, which are estimated by non-parametric techniques based upon Data Envelopment Analysis. In our approach, overall productivity change is the sum of inputspecific productivity changes. Overall productivity change and input-specific changes are broken up into indicators of efficiency change and technical change. This decomposition enables the researcher to quantify the contributions of each production factor to productivity change and its components. In this way, the drivers of productivity development are revealed. For illustration purposes the new approach is applied to a recent dataset of Polish dairy processing firms
Keywords/Subjects:
Data envelopment analysis
Weighted additive model
Closest targets
Input-specific productivity change
Type of document:
application/pdf
Access rights:
info:eu-repo/semantics/openAccess
Appears in Collections:
Artículos



Creative Commons ???jsp.display-item.text9???